Egypt Looking Strong

EGPT is looking strong on the weekly chart with a breakout of from recent consolidation. A similar breakout at the beginning of this year lead higher with strong momentum. Similar pattern showing this breakout on strength.

Measured move of the recent consolidation measures about $8. Takes the target right into the $81.50 Gap.

Stop is under last weeks lows which would make this setup a bit more messy for a need to re-evaluate.